Singapore Security Services Tenders

The Singapore security services market is a thriving industry worth an estimated US$88 billion in 2023. It is expected to grow at a CAGR of 5.27% between 2023 and 2028, reaching a market volume of US$305.00m by 2028. This growth is being driven by a number of factors, including the increasing demand for security services from businesses, government agencies, and individuals.

The Singapore government is a major buyer of security services. In 2022, the government spent an estimated US$52.3 million on security services. This is expected to grow to US$58.7 million in 2023. The government procures a wide range of security services, including:
Physical security services, such as manned guarding and access control
Electronic security services, such as CCTV surveillance and intrusion detection systems
Cyber security services, such as incident response and threat intelligence

The main security services products and services procured by the Singapore government are:
Physical security services (55%)
Electronic security services (35%)
Cyber security services (10%)

The top authorities for Singapore security services procurement are:
The Ministry of Home Affairs (MHA)
The Singapore Police Force (SPF)
The Ministry of Defense (MINDEF)
The Civil Aviation Authority of Singapore (CAAS)

The top winners of Singapore security services procurement are:
Securitas
G4S
Brink's
ADT
Certis Cisco

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